Carnegie, 3163 ranked 527th in VIC when comparing growth in median property values or capital gain over the last 12 months. Carnegie is one of 2098 in our list for VIC
Comparing Carnegie,3163 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Carnegie, 3163 is offering VIC ‘s 395th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Property investors should expect to get $540 weekly from the median priced house in this suburb.
Carnegie is in the bottom 30% in VIC when comparing median price capital growth over the last year. Carnegie gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.48%.
Carnegie,3163 was ranked 1214 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Carnegie is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in VIC
At number 465 in a list of fastest selling suburbs, Carnegie is in the TOP 40% of suburbs in Australia with an average of days on market 56.43 for properties listed there.
Carnegie, 3163’s gross rental yield is 3.59%
Situated 12km from the Melbourne CBD, Carnegie is an established suburb where vacancy rates have tightened from 1.9% to 1.5% in the 12 months leading up to March 2018Full summary
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Vacancies are squeezed further
Median unit price: $599,000
Vacancy rate: 1.5%
Three-year growth: 12.0%
Situated 12km from the Melbourne CBD, Carnegie is an established suburb where vacancy rates have tightened from 1.9% to 1.5% in the 12 months leading up to March 2018.
The unit market in this area has been performing admirably since 2013, with an average annual growth rate of 6.2%. The median price comes in at just under $600,000, and the average rental rate comes in at $400 per week.
Initially christened as Rosstown, Carnegie is home to a bustling commercial scene. The shopping district is centred on Koornang Road and Dandenong Road. Koornang Park and the Carnegie Swim Centre are located here as well, along with Carnegie Primary School. Residents are served by the Cranbourne/Pakemham rail line, several bus routes and the Carnegie tram route.Close